GBP/USD Introduction The GBP/USD currency pair is as old as the forex market itself. For a long time, the pair has offered profit opportunities for millions of traders all over the world, especially in the US and the UK. The pair remains a popular choice for traders worldwide second only to the EUR/USD. Before the advent of sophisticated telecommunications … [Read more...] about What Moves Currency Pairs: Understanding the GBP/USD
Forex Basics
What Moves Currency Pairs: Understanding the EUR/USD
Introduction Statistics show that the forex market has the most significant liquidity of all financial markets. According to the 2019 Triennial Central Bank Survey by BIS, the forex market moved a daily average of $6.6 trillion in trades in April. Now, imagine that the EUR/USD pair dominates close to half of this liquidity. Crazy, huh? The United States Dollar (USD) is … [Read more...] about What Moves Currency Pairs: Understanding the EUR/USD
What Moves Currency Pairs: Understanding the AUD/USD
Understanding the AUD/USD Pair Why AUD is a commodity currency A commodity currency is that whose value rises and falls in tandem with demand for specific commodities. Another way of looking at this is that the domestic economy of a commodity currency heavily depends on the export of commodities. As the demand for specific commodities increases, more buyers acquire the … [Read more...] about What Moves Currency Pairs: Understanding the AUD/USD
Understanding High Frequency Trading
High frequency trading (HFT) is a subset of electronic/automated trading in that all or part of the activities does not involve human input. As the name suggests, this kind of trading is superfast, faster than any human could be. Allegedly, a human finger takes 150,000 microseconds to click a mouse. Now imagine a system that operates faster than this speed. Before the advent … [Read more...] about Understanding High Frequency Trading
An Insight into Confluence Areas in Forex Trading
Trading confluence is an area in the Forex market where two or more structures come together and form a high-probability zone for buying or selling. It is a bit challenging to understand confluence and the way of using it effectively. Some traders depend on indicators solely for developing a trading zone, while others focus on price action. Then again, some prefer combining … [Read more...] about An Insight into Confluence Areas in Forex Trading
